Zacks Investment Research cut shares of Real Industry, Inc. (NASDAQ:RELY) from a hold rating to a sell rating in a research report released on Thursday, July 20th.
According to Zacks, “Real Industry, Inc. is a holding company which invests in businesses primarily in the United States industrial and commercial marketplace. Real Industry Inc., formerly known as Signature Group Holdings, Inc., is based in Sherman Oaks, United States. “
Separately, B. Riley restated a buy rating and issued a $8.00 price target on shares of Real Industry in a research note on Monday, May 8th.
Real Industry (NASDAQ RELY) traded up 5.71% on Thursday, hitting $1.85. 49,576 shares of the company were exchanged. The firm has a 50 day moving average of $2.53 and a 200-day moving average of $3.22. The stock’s market cap is $53.67 million. Real Industry has a 52-week low of $1.58 and a 52-week high of $8.22.
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Hedge funds have recently modified their holdings of the company. Virtu KCG Holdings LLC raised its stake in shares of Real Industry by 74.2% in the second quarter. Virtu KCG Holdings LLC now owns 53,160 shares of the financial services provider’s stock worth $154,000 after buying an additional 22,646 shares during the period. Croft Leominster Inc. raised its stake in shares of Real Industry by 35.7% in the first quarter. Croft Leominster Inc. now owns 57,000 shares of the financial services provider’s stock worth $162,000 after buying an additional 15,000 shares during the period. LMR Partners LLP bought a new stake in shares of Real Industry during the second quarter worth about $239,000. Bank of New York Mellon Corp raised its stake in shares of Real Industry by 19.6% in the first quarter. Bank of New York Mellon Corp now owns 89,852 shares of the financial services provider’s stock worth $256,000 after buying an additional 14,747 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Real Industry by 2.4% in the first quarter. Victory Capital Management Inc. now owns 108,473 shares of the financial services provider’s stock worth $309,000 after buying an additional 2,573 shares during the period. Institutional investors and hedge funds own 62.22% of the company’s stock.
Real Industry Company Profile
Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.
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